Key Account

In today's uncertain financial environment, more and more companies are looking for Key Account or CATASTROPHIC coverage for their receivables. Often this is bank driven or in the case of public companies, used to provide shareholder price protection.

Companies also use this to protect risk in certain countries, product lines or dollar amount.

Key Account Insurance allows you to protect yourself from your larger customers going out of business. Companies often use this concept to help with budgeting and bad debt allocation. As there is no way a company can truly reserve for a catastrophic loss, this concept creates a true cash reserve in the event you do have an unexpected event.

Companies often insure the top 70 – 80 % of their business by naming the top accounts with a carrier. Premiums can be charged on either turnover or amount of coverage approved